No major events are expected today.

USD/JPY is trading around 154.50, showing moderate growth after the Bank of Japan’s decision to keep rates at current levels. Pressure on the yen remains high as the Japanese currency continues to weaken due to the BoJ’s prolonged policy and the strengthening of the dollar after last week’s rise in its index.

The market continues to monitor global risks and U.S. economic data. Any signs of further dollar strength, especially amid strong macroeconomic data, could support the growth of USD/JPY. The current trading range shows relative stability for the pair above 154.00, confirming a short-term upward trend.

Given the weak yen and ongoing expectations of dollar strengthening amid economic data and central bank policies, preference is given to buying USD/JPY with a moderate stop-loss below local lows and a target level of 155.50.

Recommendations: BUY 154.50, SL 154.20, TP 155.50